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Renova Energia (BSP:RNEW3) Cyclically Adjusted Price-to-FCF : (As of May. 03, 2024)


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What is Renova Energia Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Renova Energia Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Renova Energia's Cyclically Adjusted Price-to-FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Renova Energia Cyclically Adjusted Price-to-FCF Chart

Renova Energia Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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Renova Energia Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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Competitive Comparison of Renova Energia's Cyclically Adjusted Price-to-FCF

For the Utilities - Renewable subindustry, Renova Energia's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Renova Energia's Cyclically Adjusted Price-to-FCF Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Renova Energia's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Renova Energia's Cyclically Adjusted Price-to-FCF falls into.



Renova Energia Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

Renova Energia's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Renova Energia's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=-0.051/156.2729*156.2729
=-0.051

Current CPI (Dec. 2023) = 156.2729.

Renova Energia Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -19.736 90.447 -34.099
201406 -2.832 91.838 -4.819
201409 -12.202 92.602 -20.592
201412 -7.240 94.194 -12.012
201503 -9.754 97.799 -15.586
201506 -8.264 100.006 -12.914
201509 -15.175 101.392 -23.389
201512 -3.990 104.247 -5.981
201603 -11.495 106.979 -16.792
201606 -4.447 108.851 -6.384
201609 1.370 109.986 1.947
201612 -1.284 110.802 -1.811
201703 -0.695 111.869 -0.971
201706 4.381 112.115 6.107
201709 -11.096 112.777 -15.375
201712 -1.217 114.068 -1.667
201803 -0.011 114.868 -0.015
201806 0.213 117.038 0.284
201809 1.590 117.881 2.108
201812 -1.296 118.340 -1.711
201903 -0.849 120.124 -1.104
201906 0.162 120.977 0.209
201909 0.124 121.292 0.160
201912 0.525 123.436 0.665
202003 0.641 124.092 0.807
202006 -0.441 123.557 -0.558
202009 0.974 125.095 1.217
202012 0.179 129.012 0.217
202103 0.141 131.660 0.167
202106 -0.907 133.871 -1.059
202109 -1.342 137.913 -1.521
202112 -2.093 141.992 -2.303
202203 -1.474 146.537 -1.572
202206 -1.963 149.784 -2.048
202209 -0.458 147.800 -0.484
202212 -0.086 150.207 -0.089
202303 -0.062 153.352 -0.063
202306 -0.028 154.519 -0.028
202309 0.012 155.464 0.012
202312 -0.051 156.273 -0.051

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Renova Energia  (BSP:RNEW3) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


Renova Energia Cyclically Adjusted Price-to-FCF Related Terms

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Renova Energia (BSP:RNEW3) Business Description

Traded in Other Exchanges
Address
Av. Roque Petroni Júnior, Suite 999, 4th Floor, Sao Paulo, SP, BRA, 4571011
Renova Energia SA is a Brazilian energy company generating electric power from renewable sources, focusing on wind farms, small hydroelectric plants, and solar energy. The company is responsible for prospecting, developing, and implementing projects to generate power. The company is also involved in the power trading business. A majority of revenue is derived from a combination of wind and power trading, with a significantly smaller portion of revenue coming from both small hydroelectric plants and solar power. Renova generates the vast majority of its revenue in Brazil.

Renova Energia (BSP:RNEW3) Headlines

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